Indian American with $700 billion in hand

Neel Kashkari was designated Oct. 6 to head the Office of Financial Stability, which will oversee the $700 billion bailout package.

Kashkari, a 35-year-old Indian American, currently is assistant secretary of the treasury for International Economics and Development. He was born in Akron, Ohio, and graduated from the University of Illinois with a bachelor’s and master’s in engineering. He also has an master of business administration in finance from the Wharton School.

Kashkari’s parents are from Kashmir, India. He and his wife, Minal Kashkari, currently live in Silver Spring, Maryland. Minal Kashkari is an engineer at Lockheed Martin Corporation. ♦